Chart of Accounts

A chart of accounts is a financial organizational tool that provides a complete listing of every account in an accounting system. An account is a unique record for each type of asset, liability, equity, revenue and expense.

A COA, which lists the names of the accounts that a company has identified and made available for recording transactions in its general ledger, establishes the level of detail tracked in a record-keeping system. Typically, a COA contains the accounts’ names, brief descriptions and identification codes.

Sample Chart of Accounts:

A sample Chart of Accounts (COA) is given below:

Assets (Dr)

Current Assets

Non Current Assets

Others Assets

Liabilities (Cr)

Current Liabilities

Accounts Payable

Income Tax Payable

Non Current Liabilities

Bank Loans

Loan From Shareholders

Contingent Liabilities

Income (Cr)

Sales

Service

Investment

Expense (Dr)

Purchase Expense

Salaries Expense

Wages Expense

Rent Expense

Utilities Expense

Advertising Expense

Depreciation Expense

Bank Charges

Income Tax Expense

Insurance Expense

Owners Equity (Cr)

Devid Smith, Capital

Deivid Smith, Drawing

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Rashed

I’m Rashedul Alam, software engineer/architect, technical blogger, and educator. I have over 10 years of working experience in the field of software design and development. I like to share my knowledge and technical stuff with others. I am a community contributor, providing problem solving answer through different forum.